Business Soul Accounting

ABOUT US

Business Soul Accounting cc was founded in 2007 by Sheldon Conway. We are registered as Independent Accounting Professionals, Accounting Officers and Tax Practitioners with the Institute of Accounting and Commerce.

At Business Soul Accouinting we make an effort to care for your business every day.

Our head office is based in Hilton, Kwazulu-Natal, South Africa. Our client base is spread throughout Southern Africa. Within South Africa we are servicing clients in most provinces.

We are well staffed to care for our clients. As registered and accredited trainers of the IACSA we provide ongoing staff training to improve the skills of existing staff and to bring up to speed any new staff members. We develop Standard Operating Procedures for all our clients to ensure continuity in our service levels.

Why the name Business Soul Accounting?

Business: Our strategy is to provide you with the accounting backing to build and understand your business.

Soul: is defined as the inner most being or core of a person. Soul is also defined as the first breath of life given to man by God. We at Business Soul Accounting are humbly offering a service to care for the core needs, the soul, of your business and we hope that we can be a breath of life to you and your business.

Accounting: Our priority is to provide efficient and effective accounting services as a reliable accounting firm.

SERVICES

Feedback from our clients, is an essential part of our organisation and staff development. A comment from one of our clients: - I have to say your staff are excellent! I asked for a copy of VAT certificate and an updated BEE certificate for the Hospital and they forwarded them to me within 1/2h really impressive. I really thank God for the day we found you guys, youve been a huge blessing in my life.

We are here to serve and care for your business

Skilled Attorneys Trust Accountants

We have a comprehensive knowledge of the Rules of the provincial Law Societies and the applicable sections of the Attorneys Act 53 of 1979.

Sheldon Conway, CEO of Business Soul Accounting cc, was involved in establishing the Reform Audit Support System (RASS), an attorneys trust account inspection program, implemented by the Attorneys Fidelity Fund.

Attorneys need time to focus on their practice and to spend less time working on administration. With the ever-increasing compliance requirements, trust accounting has become a burden to many attorneys. We are here to ease the burden and provide support to attorneys with the responsibility of maintaining the integrity of the trust account.

With the current skills shortage in Trust Accounting, Business Soul Accounting cc is addressing the shortage by offering:

• An established Trust Accounting Bureau;
• Giving Basic and indepth Trust Accounting Training;
• Providing attorneys with compliant Trust Accounting records;
• Preparing Business Accounting records for management and financial use; and
• Assisting in the reporting to the provincial Law Society.
• We have added to our extensive knowledge of trust accounting with the use of reliable trust accounting software. Business Soul Accounting cc is experienced in trust and business accounting. We have skills to assist and establish an enterprise resource plans (ERP) to care for your needs. We currently service attorneys throughout Southern Africa.

Accounting

As Accounting Officers and accountants Business Soul Accounting cc is focussed on the preparation of accounting records for all industries. Each business is unique because each is made by the people who work in them. Identifying and caring for people is important to us. An Enterprise Resource Plan (ERP) is developed with each of our clients, to suit the needs of the organisation.

Accurate and regular accounting is essential. We utilise reliable accounting software, to provide you with consistent and reliable service. Reporting will include income and expense analysis to aid in decision making. No longer is accounting just a requirement. Accounting is a strategy tool which can help you improve profitability and sustainability. Annual Financial statements are part and parcel of our reporting structure.

Our service provides a comprehensive and compliant accounting solution:

• BOOKKEEPING AND ACCOUNTING;
• BANK RECONCILIATIONS;
• STOCK CONTROL;
• FOREX MANAGEMENT;
• MONTHLY MANAGEMENT REPORTS;
• STATUTORY REPORTING;
• ESTATE PLANNING;
• INTER-VIVOS AND INTESTATE TRUSTS;
• ANNUAL FINANCIAL STATEMENTS; AND
• BUSINESS PLANS.

Tax

Our tax goal: Tax compliance is important to us.

As a registered Tax Practitioner with the South African Revenue Services (SARS), we can assist with tax queries. Our staff are constantly researching and developing their tax skills and knowledge.

A tax compliant business is based on establishing sound policies and implementing these consistently. Policy formation, based on a good understanding of the industry norms and the individual business practices, are important to develop. Our caring and personal involvement in our clients business, enables us to understand their needs. Business Soul Accounting can assist in the correct tax structuring and policy formation of your business.

When we do not know the tax answer, we will research the best solution for your business. Business Soul Accounting cc depends on integrity and is willing to honestly help you.

• EMP201, EMP501, IT3(a), IRP5
• VAT201
• Income Tax
• Secondary Tax on Companies
• Dividends Tax
• Capital Gains Tax
• Planning and Resolution of Tax
• Registrations

Payroll

Business Soul Accounting is providing a consistent and reliable payroll service to clients. EMP201 returns are submitted monthly and the bi-annual EMP501 reconciliation is completed. Taking the stress out of payroll. We have a great service that can help you.

• Monthly or weekly payroll processing;
• Emailed payslips;
• Annual increase and bonus control;
• Pension and provident maintenance;
• Medical aid fund contribution maintenance;
• Travel allowances and Right of Use of motor vehicles;
• Employment Tax Incentive processing;
• EMP201 submission;
• IRP5/IT3A preparation and submission and EMP501 reconciliation;

The following additional services are offered:

• UIF registration of employees and declaration submissions;
• Calculation and maintenance of Directors PAYE;
• Skills Development maintenance and reconciliation;
• Garnishee order maintenance;
• Saving plan administration;
• Annual leave recording;
• Financial Statements